# Search Fund Partners vs TTCER Partners

Search-phase backer or acquisition-stage bench?

## Choose Search Fund Partners

Choose Search Fund Partners when you need the whole arc funded: the firm, a dedicated search investor for over 20 years by its own account, buys search units as well as acquisition equity, so the same partner carries you from day one.

## Choose TTCER Partners

Choose TTCER for the acquisition round itself: the operators behind Asurion bring board depth from more than 50 boards and a role in over 200 search-acquired and other businesses, but nothing they publish says they fund the search itself.

## Side by side

| | Search Fund Partners | TTCER Partners |
| --- | --- | --- |
| What It Is | The first private equity fund dedicated to investing in search funds, by its own words, founded in 2003 by two operating chief executives. It invests in traditional searches and the acquisitions they produce, with partners who are largely former searchers and CEOs; its portfolio grid carries about 190 investments, roughly half of them exited, and its home page counts 195 acquisitions. | The partnership formed in 2007 by the operators and first backers behind Asurion, which it calls the most successful search fund acquisition ever. It invests in search-acquired businesses with a stated long-term lens, and reports a role in building over 200 search-acquired and other businesses across 50-plus boards. |
| Category | Capital & Investors | Capital & Investors |
| Pricing Model | Custom Pricing | Custom Pricing |
| What It Costs | Investment terms, not fees. The site publishes no terms on either side; the traditional search-fund structure, which the Stanford primer in this directory explains, is what applies. | Investment terms, not fees: acquisition economics negotiated per the search model's conventions; nothing is published. |
| Best For | Traditional searchers assembling a cap table who want the longest-tenured dedicated investor in the room and partners who have sat in the searcher's chair | Traditional searchers at the acquisition stage who want operators from the model's biggest outcome on the cap table and are not counting on search-phase funding |
| Where It Fits | Learn & Choose Your Path, Set Up & Fund the Search | Learn & Choose Your Path, Set Up & Fund the Search |
| Our Verdict | If you are raising a traditional search, the longest track record in the niche belongs on your outreach list; just arrive already fluent in the standard economics. | Pedigree capital for the acquisition round: the bench that built the model's best case, if your search budget is already covered. |

Full review of Search Fund Partners: https://searchspheresource.com/resources/search-fund-partners
Full review of TTCER Partners: https://searchspheresource.com/resources/ttcer-partners

Source: https://searchspheresource.com/resources/compare/search-fund-partners-vs-ttcer-partners
Last checked: 2026-09-18

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